Consumer groups told Congress that only well-regulated financial institutions should be permitted to deliver government benefits electronically.

Loan demand, especially for commercial credit, remained strong across the country during the last six weeks, the Fed said.


One of Miami's largest independent banking companies faces an uncertain future in the wake of an order that its founder's family relinquish control.


After a false start in the retail mutual fund business, Bankers Trust, the quintessential corporate bank, is now claiming success.


A recent survey indicates that most large mortgage lenders are buying delinquent government loans early in the foreclosure process to stem losses.


The decision by First of America Bank to exit Florida is another example of how chairman and CEO Richard F. Chormann is changing the focus of the Michigan banking company. It plans to sell its $1.1 billion-asset Florida savings and loan to Barnett for $160 million.

First Citizens BancShares of North Carolina is beefing up its staff to focus on agricultural lending and private banking services in the state and Virginia.


American Express is steadily building its base of revolving credit card accounts using its Optima brand name, a study found.

Taking a giant step into diversification, Capital One Financial is entering the consumer deposit business with the acquisition of a $425 million portfolio from J.C. Penney National Bank.


ON-LINE BANKING: United Parcel Service is putting a new electronic certification system to acrucial test.

Electronic bill presentment took a step closer to reality this week.


Asset quality could deteriorate in the conforming mortgage market as recent actions come back to haunt lenders, a report by Moody's warned.

A resurgence in foreign currency activity is driving trading revenues at major banks to all-time highs.


In a bold move for a U.S. bank, Bankers Trust plans to build an insurance underwriting and sales business across Latin America.

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